08NOV2018 - NEWS - CMA CGM Group raised its emergency bunker surcharge for all deepsea cargo movements from 1 December

CMA CGM Group, which includes ocean carrier APL, has recently raised its emergency bunker surcharge (EBS) to $100 per teu for all deepsea cargo movements from 1 December. Introduced by the French carrier and a number of its peers on 1 June, in response to higher fuel prices, the controversial EBS was initially set by CMA CGM at $55 per teu. The charge varied between carriers, for instance Maersk Line’s EBS was $60 per teu, while MSC did not publish its EBS. Shippers expressed anger about the attempt by carriers to impose similar surcharges, which they suggested could be construed as price signalling, and also questioned the validity of the word “emergency”, alleging the container lines were attempting to claw back compensation for the gradual rise in bunker costs over the past quarters.

Published by Editor - www.Livebunkers.com at 08-Nov-2018 04:35:40 [UTC] , contact editor at editor@livebunkers.com